Cushman & Wakefield recruited a nine-person team, led by Robert Given, with more than $20 billion in deals on their resumes in the past 13 years from rival commercial brokerage CBRE. Given was the vice chairman of the institutional and multifamily group for CBRE and was on the firm’s South Florida Senior Leadership Board. He…
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West Palm Beach officials will get a first look at three significant development proposals, including a wealthy investor’s plan to redevelop the historic Carefree Theatre into a mixed-use project. All three projects will go before the Plans and Plats Review Committee on Wednesday. They could change before they go to the city council for approval.…
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The Adler Group and 13th Floor Investment have asked Miami-Dade County officials to sign off on their $464 million deal to turn the Douglas Road Metrorail station into a transit-oriented development. The Miami-Dade County Transit and Mobility Services Committee will vote on the contact on Wednesday following a negotiation with county staff that lasted about…
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Miami skyline 1. How millennial tastes shape a new generation of food startups [Miami Herald]2. Brexit adds chill to slumping commercial property sector [Wall Street Journal]3. The preliminary route of rail system that will connect Miami to South Beach [The Next Miami]4. Expect to see more of this new hotel brand in South Florida [GlobeSt] — Sean Stewart-Muniz
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Rendering of Wynwood 26 The Related Group and Block Capital Group have submitted plans for a mixed-use apartment project in Wynwood. Wynwood 26, at 51 Northwest 26th Street, joins a handful of new proposals aimed at adding new residents to Wynwood. As planned, the development will have 174 apartments, a courtyard, rooftop, paseo and murals. It…
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Rendering of 222 Wynwood RedSky Capital is joining the roster of developers looking to transform Wynwood. The Brooklyn-based company has filed plans to build 222 Wynwood, an eight-story building with work/live lofts and an industrial feel. (Click to enlarge) Architectural workup of the building’s interiors According to documents uploaded by the Next Miami, RedSky is…
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Related Group CEO Jorge Pérez told Bloomberg that he hopes to eventually hand over his real estate empire to his sons, Jon Paul and Nicholas. The 66-year-old billionaire said he’d like to see his sons take charge in a few years so he can focus more on travel, philanthropy and art. Pérez is the main…
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A foreclosure lawsuit over the former Bertram Yacht property on the Miami River has been resolved and the owner can move forward with a redevelopment plan. Birch Commercial Mortgage, an affiliate of San Francisco-based Alecta Real Estate Investment, filed the $16 million foreclosure lawsuit in January against Interterra Investments Group and Intermarine Investments. Both companies…
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The Boulevard 57 condo project in Miami’s MiMo neighborhood has suspended its sales efforts, but the developer insisted that the project is not canceled. The Real Deal reported on July 8 after an interview with Unitas Development Group COO Hector Torres that the project was canceled and the entire site was being marketed for $26…
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